Tuesday, November 5, 2013

A Big Step Towards a Brighter Future!

By
far the most energy efficient, the cleanest and most eco-friendly way of
illumination is LED lighting. LED lights being digital in nature are also versatile
and can be used in a variety of ways.

To
track this new development in the lighting industry, Market Pulse decided to
conduct an extensive survey across 12 cities covering more than 1100
respondents comprising end customers, interior designers & electrical
contractors, developers and builders, municipal bodies, IREDA, ELCOMA, BEE
& Ministry of Railways, retailers of LED lights; channel partners &
distributors and national LED manufacturers. Data from the mpElectric Census
covering 33,000 electrical outlets across 67 towns has also been analyzed too.

The
benefits of LED lighting have brought cheer to lighting enthusiasts in this
festive season. The market for LED lamps has already crossed Rs. 100 crores in
2012-2013 and is likely to grow to around Rs 350 cr in 2015-16 as per a new
Report by Market Pulse.

Energy
conservation is a must now as it becomes increasingly difficult for the energy
infrastructure to keep pace with the growing economy. In this regard, LEDs
could play a significant role by cutting energy consumption for lighting
purposes in India. Realizing this, a number of initiatives have been launched by
the Indian Government for increased adoption of LEDs like the Bachat Lamp
Yojna, LED Village Campaign and promotion of LED usage in street lighting.

With
Philips and Osram as the market leaders across LED lighting categories, brands
such as Bajaj, Halonix, Havells and Wipro are also playing significant role in
this domain.

The
LED luminaries market is dominated by LED Down-lighters, followed by LED Panel
Lights, Tube Lamps and LED Spotlights. LED Down-lighters are most popularly
sold in the range of 3-6w while LED tube lights are predominantly sold in
10-15w.

Market
Pulse report reveals that retail stores followed by the hospitality sector are
the primary customer segments, accounting for more than 50% of the LED
luminaries. CFLs are seeing maximum replacement by LEDs in hotels, restaurants,
coffee shops and hospitals while traditional tube lights have the highest
replacement in the retail sector. Till date, more than 30 municipal
corporations have also initiated LED street lighting based projects across
India.

Thus,
the market has plenty of good reasons for being passionate about LED
illumination.